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Stryv Raises $11.5 Million in Series B Round Led by ACV Capital

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Stryv Raises $11.5 Million in Series B Round Led by ACV Capital

Singapore-based direct-to-consumer personal care brand Stryv has secured $11.5 million in a Series B funding round led by Indonesia-headquartered ACV Capital. The fresh injection lifts the company’s total capital raised to date to about $20 million, according to CEO and co-founder Roy Ang.

Openspace Capital and OCTAVE Capital also backed the round, Stryv confirmed in a statement. The company will deploy the proceeds to enter Taiwan, expand operations across Malaysia and Hong Kong, scale research and development, and pursue acquisitions of complementary consumer brands.

Evo Commerce, established in 2020 by former Grab executives Ang and Minghao Teoh, launched the Stryv brand in 2022. The fundraising comes as the business explores a potential public listing on the Singapore Exchange’s Catalist Board to fund its next stage of regional growth.

Ang said Stryv is currently focused on Taiwan, noting that entering each new market requires having the right local team in place to execute.

“That said, the company is open to entering new markets quickly through acquisitions if the opportunity arises,” he added.

The company designs and retails affordable, premium-quality grooming and beauty products tailored for Asian consumers, including hair styling tools, hair care formulations, and shavers.

Stryv acquired Singapore-based home appliances brand Sterra in March 2026, adding a footprint in 200,000 households and expanding beyond grooming tools into home wellness hardware.

Following that purchase, the company launched the Stryv Oasis massage chair and the Stryv Halo air purifier since September. Ang noted that the capital supports Stryv’s broader ambition to build a multi-category ecosystem of personal and home care products for households across Asia.


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